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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 761 |
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Another strength of this process is "lot" determining since it considers both suppliers' perspective and buyer requirements and defines an optimal value satisfying both side.
Scheduling of the events is another strength of the process since simultaneously determining which suppliers to include for bid and "lots" decreases the lead time of the CBEs...
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The last strength of this process is that it provides significant amount of information about suppliers which help buyers to create fair, open and aggressive competition. This results in large purchasing cost savings. Besides it brings high-quality suppliers together which is desirable for buyers who form the most important part of FreeMarkets' business...
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